article thumbnail

Your Entrepreneur World Changes When You Take Money

Startup Professionals Musings

The naïve entrepreneur thinks he can relax, after he finally cashes the check from a professional investor, but in reality that’s when the work and the pressure starts. Your startup is now part of someone’s portfolio, and here are a few of the ways in which you should expect to be monitored by your investors: One or more seats on the Board.

article thumbnail

New Entrepreneurs Think Investor Money is All Fun

Startup Professionals Musings

The naïve entrepreneur thinks he can relax, after he finally cashes the check from a professional investor, but in reality that’s when the work and the pressure starts. Your startup is now part of someone’s portfolio, and here are a few of the ways in which you should expect to be monitored by your investors: One or more seats on the Board.

article thumbnail

Why I Don’t Like Board Observers

Both Sides of the Table

I wrote recently about the role of Advisory Boards in startups , which I expected to be a bit controversial. It’s just that many companies waste equity on advisory boards, pick the wrong advisers or set up advisory boards with the wrong expectations. What exactly is a board observer?